Africa: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Africa

The African market for wood pulp, excluding mechanical wood pulp was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption recorded a slight expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in Africa

In value terms, production of wood pulp, excluding mechanical wood pulp amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of 212%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in Africa

In 2022, overseas shipments of wood pulp, excluding mechanical wood pulp increased by 12% to X tons for the first time since 2017, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 18%. Over the period under review, the exports of reached the maximum at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, exports of wood pulp, excluding mechanical wood pulp surged to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +114.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of wood pulp, excluding mechanical wood pulp, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the wood pulp, excluding mechanical wood pulp exports, with a CAGR of +2.6% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +9.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest wood pulp, excluding mechanical wood pulp supplier in Africa.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +6.0%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by 21% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wood pulp, excluding mechanical wood pulp increased by +110.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 41%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.3% per year.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in Africa

In 2022, the amount of wood pulp, excluding mechanical wood pulp imported in Africa rose rapidly to X tons, increasing by 11% on 2021. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of wood pulp, excluding mechanical wood pulp soared to $X in 2022. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Egypt represented the major importer of wood pulp, excluding mechanical wood pulp in Africa, with the volume of imports finishing at X tons, which was approx. 39% of total imports in 2022. It was distantly followed by South Africa (X tons), Algeria (X tons), Tunisia (X tons) and Nigeria (X tons), together making up a 48% share of total imports. Morocco (X tons) and Ghana (X tons) followed a long way behind the leaders.

Imports into Egypt increased at an average annual rate of +7.4% from 2012 to 2022. At the same time, Ghana (+27.0%), Nigeria (+15.8%), Algeria (+13.6%), South Africa (+10.7%), Morocco (+4.7%) and Tunisia (+1.7%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of +27.0% from 2012-2022. Algeria (+5 p.p.), South Africa (+3.3 p.p.), Nigeria (+2.9 p.p.) and Ghana (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Morocco, Egypt and Tunisia saw its share reduced by -1.6%, -3.1% and -10.1% from 2012 to 2022, respectively.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together comprising 66% of total imports. Tunisia, Nigeria, Morocco and Ghana lagged somewhat behind, together accounting for a further 27%.

Ghana, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 27% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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